Canada: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Canada

The Canadian pharmaceutical rubber articles market expanded rapidly to $X in 2021, growing by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a deep downturn. Pharmaceutical rubber articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Canada

In 2021, the amount of hygienic or pharmaceutical articles of rubber exported from Canada shrank dramatically to X units, declining by -36.2% against 2020 figures. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 49%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports rose slightly to $X in 2021. In general, exports saw a noticeable setback. The growth pace was the most rapid in 2018 with an increase of 55%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for pharmaceutical rubber articles exports from Canada, accounting for a 82% share of total exports. Moreover, pharmaceutical rubber articles exports to the United States exceeded the volume sent to the second major destination, Morocco (X units), more than tenfold. The third position in this ranking was held by India (X units), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+96.2% per year) and India (-14.9% per year).

In value terms, the United States ($X) remains the key foreign market for hygienic or pharmaceutical articles of rubber exports from Canada, comprising 83% of total exports. The second position in the ranking was taken by Morocco ($X), with a 6.7% share of total exports. It was followed by India, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+106.4% per year) and India (-9.9% per year).

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, jumping by 61% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and France ($X per unit), while the average price for exports to the United States ($X per unit) and Morocco ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Canada

In 2021, the amount of hygienic or pharmaceutical articles of rubber imported into Canada totaled X units, remaining stable against the previous year. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 51%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles imports expanded remarkably to $X in 2021. Overall, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of pharmaceutical rubber articles imports to Canada, together accounting for 67% of total imports. These countries were followed by Denmark, France, Sweden and Sri Lanka, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +75.1%), while imports for the other leaders experienced a decline.

In value terms, the largest pharmaceutical rubber articles suppliers to Canada were the United States ($X), China ($X) and Germany ($X), with a combined 67% share of total imports. Denmark, France, Sweden and Sri Lanka lagged somewhat behind, together accounting for a further 25%.

Denmark, with a CAGR of +80.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average pharmaceutical rubber articles import price stood at $X per unit in 2021, surging by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 an increase of 15% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Sri Lanka ($X per unit) and France ($X per unit), while the price for Germany ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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